Tony Manne Posted March 9 Report Posted March 9 o I created a root record with the total foreign income aof $4,000.mount o I created three sub-records and added Income and Tax amounts for each: USA $2500 $300 CHE $1500 $200 NDL $500 $100 o In addition to creating a Foreign Income Verification Statement, UFile added those six amounts to the T1 Income Tax Return—effectively double-counting the amounts already in the system from the corresponding T5 entries. o Help please. Double-counting by the system is not good! Tony Quote
Curmudgeon Posted March 10 Report Posted March 10 If the total cost of the investments did not exceed $100,000 during the year, a T1135 isn't needed. Not sure what you are doing since taxes paid on foreign income isn't reported on a T1135. Quote
Tony Manne Posted March 10 Author Report Posted March 10 Thanks Curmudgeon. Turns out I should not have created the three "sub-records" by country--only the T1135 'Foreign Income Verification Statement' form showing the Total Foreign Income amount. TOPIC CLOSED. March 10, 2024 Quote
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